The National Grants Management Association reports that the Digital Accountability and Transparency Act of 2012 (commonly referred to as the DATA Act) is speeding through Congress. This is good news for taxpayers -- it mandates that Federal grantees and contractors at all levels report on how they spent the money they received from the government. But it's going to cut services. The problem: no funding for the new reporting requirements. So Federally supported programs are going to have to take money from the services they provide in order to comply with the law.
The act,H.R. 2146,and a summary are here.